Asian shares turn lower on guarded Fed, yen rises after BoJ keeps rates unchanged
(WorldNews Business)

Asian shares turned lower on Thursday after the US Federal Reserve cut interest rates as expected but signalled a higher bar to further policy easings. Treasury yields rose broadly and the curve flattened as Fed Chairman, Jerome Powell, took a cautious approach to any further reductions in borrowing costs, while division among central bankers has increased uncertainty over how much further rates might fall. MSCI`s broadest index of Asia-Pacific shares outside Japan fell 0.36 per cent. Hong Kong shares shed 0.96 per cent, but Japan`s Nikkei rose 1.01 per cent. The yen rose from a seven-week low versus the dollar and held onto those gains after the...